Monday, November 25, 2024

Actelis Networks Lands New DC Transport Infrastructure Deal After $2.3M Order | ASNS Stock News

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Actelis Networks (NASDAQ:ASNS) has secured new orders from the Washington DC Department of Transportation (DDOT), following a $2.3 million order from May 2024. The company is working with M.C. Dean, DDOT’s key integrator, to modernize network connectivity infrastructure along DC’s roadways and intersections.

The project addresses DC’s significant traffic congestion issues by implementing cyber-hardened hybrid-fiber networking solutions that transform existing wiring into Gigabit-capable infrastructure, avoiding costly new cable installations while supporting high-demand applications like traffic monitoring systems and advanced cameras.

Actelis Networks (NASDAQ:ASNS) ha ricevuto nuovi ordini dal Dipartimento dei Trasporti di Washington DC (DDOT), dopo un ordine di 2,3 milioni di dollari di maggio 2024. L’azienda sta collaborando con M.C. Dean, il principale integratore del DDOT, per modernizzare l’infrastruttura di connettività della rete lungo le strade e gli incroci di DC.

Il progetto affronta i significativi problemi di congestione del traffico a DC implementando soluzioni di rete ibrida in fibra rinforzata contro le cyber minacce che trasformano il cablaggio esistente in un’infrastruttura capace di Gigabit, evitando costose installazioni di nuovi cavi e supportando applicazioni ad alta richiesta come i sistemi di monitoraggio del traffico e telecamere avanzate.

Actelis Networks (NASDAQ:ASNS) ha asegurado nuevos pedidos del Departamento de Transporte de Washington DC (DDOT), después de un pedido de 2.3 millones de dólares en mayo de 2024. La compañía está trabajando con M.C. Dean, el integrador clave del DDOT, para modernizar la infraestructura de conectividad de red a lo largo de las carreteras e intersecciones de DC.

El proyecto aborda los importantes problemas de congestión de tráfico en DC mediante la implementación de soluciones de red híbrida de fibra endurecida contra ciberamenazas que transforman el cableado existente en una infraestructura capaz de Gigabit, evitando costosas instalaciones de nuevos cables y apoyando aplicaciones de alta demanda, como sistemas de monitoreo de tráfico y cámaras avanzadas.

Actelis Networks (NASDAQ:ASNS)는 2024년 5월에 받은 230만 달러의 주문에 이어 워싱턴 DC 교통부(DDOT)로부터 새로운 주문을 확보했습니다. 이 회사는 DDOT의 주요 통합업체인 M.C. Dean과 협력하여 DC의 도로와 교차로에 대한 네트워크 연결 인프라를 현대화하고 있습니다.

이 프로젝트는 사이버 공격에 강화된 하이브리드 섬유 네트워킹 솔루션을 구현하여 DC의 심각한 교통 혼잡 문제를 해결하며, 기존 배선을 기가비트 용량의 인프라로 변환하여 비용이 많이 드는 신규 케이블 설치를 피하고 교통 모니터링 시스템 및 고급 카메라와 같은 고부하 애플리케이션을 지원합니다.

Actelis Networks (NASDAQ:ASNS) a obtenu de nouvelles commandes du Département des Transports de Washington DC (DDOT), suite à une commande de 2,3 millions de dollars faite en mai 2024. L’entreprise collabore avec M.C. Dean, l’intégrateur clé du DDOT, pour moderniser l’infrastructure de connectivité réseau le long des routes et intersections de DC.

Le projet vise à remédier aux problèmes de congestion routière importants à DC en mettant en œuvre des solutions de réseautage hybride en fibre renforcée contre les cyberattaques qui transforment le câblage existant en une infrastructure capable de Gigabit, évitant ainsi des installations coûteuses de nouveaux câbles tout en soutenant des applications à forte demande comme les systèmes de surveillance du trafic et les caméras avancées.

Actelis Networks (NASDAQ:ASNS) hat neue Aufträge vom Department of Transportation in Washington DC (DDOT) erhalten, nach einer Bestellung über 2,3 Millionen Dollar im Mai 2024. Das Unternehmen arbeitet mit M.C. Dean, dem wichtigsten Integrator des DDOT, zusammen, um die Netzwerkverbindungsinfrastruktur entlang der Straßen und Kreuzungen von DC zu modernisieren.

Das Projekt geht die erheblichen Verkehrsstaus in DC an, indem cybergeschützte Hybridfaser-Netzwerklösungen implementiert werden, die die bestehende Verkabelung in eine gigabitfähige Infrastruktur umwandeln, kostspielige Neuinstallationen von Kabeln vermeiden und hochbelastete Anwendungen wie Verkehrssysteme und fortschrittliche Kameras unterstützen.

Positive


  • Secured follow-up orders from Washington DC DOT, indicating customer satisfaction

  • Partnership with major integrator M.C. Dean strengthens market position

  • Technology enables cost savings by upgrading existing infrastructure instead of new installations

  • Solution addresses critical infrastructure needs in one of US’s most congested cities

Insights


The new orders from DDOT, following a $2.3 million contract in May 2024, represent significant business momentum for Actelis in the critical infrastructure sector. Working with M.C. Dean, a major systems integrator, adds credibility and potential for expanded market reach. Given ASNS’s small market cap of $7.5 million, these contracts are materially important for revenue growth.

The Washington DC deployment serves as a valuable reference case for targeting other congested urban markets. By enabling fiber-grade performance over existing infrastructure, Actelis offers compelling cost savings in the transportation modernization segment. This competitive advantage could accelerate market penetration as cities seek cost-effective traffic management solutions.

The technical solution addresses a critical pain point in urban infrastructure upgrades – achieving high-bandwidth connectivity without costly new fiber deployment. Converting legacy copper into Gigabit-capable infrastructure represents significant value for cities dealing with budget constraints. The cyber-hardened aspect is particularly relevant for critical transportation systems.

The successful DDOT implementation validates the technology’s scalability and reliability in demanding environments. This positions Actelis well for expansion in the smart city and IoT infrastructure market, where the ability to leverage existing assets while delivering modern performance capabilities is highly valued.












Actelis continues on the footsteps of the recently announced project in critical infrastructure modernization with new orders, reinforcing its position as a trusted partner in the nation’s capital; Collaborating with key DDOT integrator M.C. Dean

FREMONT, Calif., Nov. 25, 2024 (GLOBE NEWSWIRE) — Actelis Networks, Inc. (NASDAQ:ASNS) (“Actelis” or the “Company”), a market leader in cyber-hardened, rapid deployment networking solutions for IoT applications, today announced that it has received new orders for the Washington DC Department of Transportation (“DDOT”). These orders follow the approximately $2.3 million order announced in May 2024 which played a crucial role in modernizing and standardizing DDOT’s network connectivity infrastructure along its roadways and intersections.

Actelis is collaborating with M.C. Dean, a key integrator for DDOT and the leading “Building Intelligence®” solutions provider, specializing in the design, construction, and maintenance of advanced cyber-physical systems for mission-critical facilities and complex infrastructure.

According to a recent report by the Texas A&M Transportation Institute, Washington DC ranks as one of the United States’ most congested cities. A variety of factors contribute to this high level of traffic congestion including high population density, an influx of visitors commuting from surrounding areas, and tourists visiting from around the globe utilizing rental cars and ride share services.

“Washington, DC’s complex traffic environment necessitates innovative solutions for managing roadways,” said Tuvia Barlev, Chairman and CEO of Actelis. “The backbone of effective traffic management systems is reliable, far-reaching network connectivity. Actelis enables DDOT to optimize traffic flow, improve safety, and enhance data collection using tools such as signal timing and traffic cameras.”

Actelis’ cyber-hardened hybrid-fiber networking solutions are especially valuable to cities like Washington, DC because they provide fiber-grade performance using existing wiring, avoiding the time and expense of laying new cabling along roadways. Actelis’ technology transforms legacy copper or other traditionally low-bandwidth wiring into Gigabit-capable infrastructure, capable of supporting high-demand applications like data-intensive traffic monitoring systems and advanced cameras.

Washington, DC has now become a showcase for Actelis’ hybrid fiber-copper technology and a model for how other cities can efficiently modernize their traffic management infrastructure,” added Barlev. “Our collaboration with M.C. Dean has proven that cities can save hundreds of thousands of dollars—or more—on construction costs while achieving the performance required to manage dense roadway systems.”

About Actelis Networks, Inc.

Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in wide-area IoT applications, including government, ITS, military, utility, rail, telecom, and campus networks. Actelis’ innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks. Through its “Cyber Aware Networking” initiative, Actelis also provides AI-based cyber monitoring and protection for all edge devices, enhancing network security and resilience.

For more information, please visit www.actelis.com.

Forward-looking Statements

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Media Contact:
Sean Renn
Global VP Marketing & Communications
srenn@actelis.com

Investor Contact:
ARX | Capital Markets Advisors
North American Equities Desk
actelis@arxadvisory.com









FAQ



What new orders did Actelis Networks (ASNS) receive in November 2024?


Actelis Networks received expansion orders from the Washington DC Department of Transportation, following a $2.3 million order from May 2024, working in collaboration with M.C. Dean.


How does Actelis Networks (ASNS) help improve Washington DC’s traffic management?


Actelis provides cyber-hardened hybrid-fiber networking solutions that transform existing wiring into Gigabit-capable infrastructure, enabling efficient traffic monitoring systems and advanced cameras without costly new cable installations.


What is the value of Actelis Networks’ (ASNS) previous DDOT order from May 2024?


The previous order announced in May 2024 was approximately $2.3 million for modernizing and standardizing DDOT’s network connectivity infrastructure.





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